Medibank Private Life Insurance
Why would I need Life Insurance?
- 10% discount for Medibank Private health insurance members and their partners
- Cover for up to $1.5 million - depending on your age.
- Optional Permanently Unable to Work cover – up to $1.25 million(depending on your age).
- Simple application process - no medical or blood test required
- Advance payment to help with funeral costs
- Terminal Illness Benefit
Medibank Life Insurance can provide you with comprehensive, affordable cover and the peace of mind to help secure the financial future for your family or loved ones. Receiving a lump sum benefit can relieve the strain of worrying about managing household debits such as a mortgage, car repayments or education costs if the worst were to happen and your children were left without one of their parents.
You can also apply to combine your life insurance with Permanently Unable to Work cover – which pays a benefit which could help replace income that has been lost as a result of a permanent inability to work.(as defined in the policy – you can refer to the PDS for details).
When tragedy strikes the last thing anyone wants to be worrying about is where to find the funds to cover the funeral costs. That’s why Medibank Life Insurance includes an advance payment of $15,000 which is normally paid as soon as the required claim information is received.
Your time is precious, so you’ll see that it’s quick and easy to apply. There is no lengthy approval process and no medical examination or blood tests are required. Get a quick Life Insurance quote in less than 5 minutes.
Find out more from our Frequently Asked Questions
Medibank Life Insurance is issued by Swiss Re Life & Health Australia Limited, ABN 74 000 218 306; Australian Financial Services Licence No. 324908, Level 29, 363 George Street, Sydney NSW 2000 (Swiss Re), and is promoted and distributed by Medibank Private Limited, ABN 47 080 890 259 Authorised Representative No. 286089 of Level 17, 700 Collins Street, Docklands, VIC 3008 (Medibank Private). In doing so, Medibank Private is acting as the authorised representative of The Hollard Insurance Company Pty Ltd, ABN 78 090 584 473; Australian Financial Services Licence No. 241436, level 24, 259 George St Sydney NSW 2000. Hollard is providing distribution services and is not the insurer. For any policy arranged by Hollard and distributed by Medibank Private, SwissRe may pay a commission of up to 31.64% of each premium to Hollard. Hollard may then pay an amount up to 25% of each premium to Medibank Private.
You should read the combined Product Disclosure Statement and Financial Services Guide carefully before deciding whether or not to buy Medibank Life Insurance and base your decision on that document. The information provided here is general information only and does not set out all the information you need to be aware of before deciding to buy Medibank Life Insurance. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the information provided having regard to your personal objectives, financial situation and needs. Neither Medibank Private nor any of its related entities, directors or officers guarantees the assessment or payment of claims under any policy issued by Swiss Re.